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Re: Hongkie paper slams Singapore: Singaporeans actually not that rich, only FT's are
Household income adds up income of all family members. HKers are counted with smaller family size. The median income calculates the income of one person.
Singapore is at $3,480.
http://www.mom.gov.sg/statistics-pu...ormation/statistics/Pages/earnings-wages.aspx
HK is $13,000 = S$2,126.
http://www.scmp.com/news/hong-kong/...n-income-grew-only-10-pc-last-decade?page=all
This is 36% more not "2 times more".
If Singapore prices are "about 20% to 30% more" and income is 36% more, the difference is not that large.
Household income adds up income of all family members. HKers are counted with smaller family size. The median income calculates the income of one person.
Singapore is at $3,480.
http://www.mom.gov.sg/statistics-pu...ormation/statistics/Pages/earnings-wages.aspx
HK is $13,000 = S$2,126.
http://www.scmp.com/news/hong-kong/...n-income-grew-only-10-pc-last-decade?page=all
This is 36% more not "2 times more".
If Singapore prices are "about 20% to 30% more" and income is 36% more, the difference is not that large.